3 Reasons Why Oil Prices Won’t Rally Anytime Soon

It’s been disheartening for the bulls that oil prices have failed to break out over the past few weeks despite a flurry of positive news including declining inventories and reports that OPEC+  producers have mostly been sticking to their pledged cuts. And now the pendulum has swung to the opposite end and oil markets have to climb a new wall of worry. After a brief, half-hearted rally, oil prices have dropped back to a familiar trading range in the low-$40s after the Labor Department reported that U.S. weekly jobless claims totaled 1.106…